Tesla Faces a 6% Sales Drop in China Amid Rising Competition from BYD
Tesla's sales in China dropped by 6% in April, with 58,459 vehicles sold, as BYD reported a 20% increase. The competition heats up in China's electric vehicle market.
competition News
Tesla Faces a 6% Sales Drop in China Amidst BYD's 20% Surge in April
Tesla experienced a 6% sales drop in China in April 2024, with 58,459 units sold, while competitor BYD saw a 20% increase, delivering 372,615 units. This highlights the growing com...
Eurozone Manufacturing PMI Hits 32-Month High in April: A Sign of Economic Recovery?
The Eurozone Manufacturing PMI rose to 49 in April, a 32-month high, with Greece and Ireland leading in performance. Despite employment challenges, the industrial economy shows sig...
Nvidia's Stock Dips 4% Amid Rising Competition from Huawei's Groundbreaking AI Chip
Nvidia's stock dropped 4% as Huawei introduces a new AI chip, the Ascend 910D, aiming to outperform Nvidia's H100. Huawei is already supplying its Ascend 910B and 910C chips to maj...
Microsoft Develops AI Reasoning Models to Challenge OpenAI's Dominance
Microsoft is advancing its AI capabilities by developing in-house reasoning models to compete with OpenAI, alongside training its own MAI models that rival leading AI benchmarks. T...
Indian Electronics Giants Struggle to Compete in State Tenders Amid Favoritism Claims
Indian electronics companies like Micromax and Karbonn are struggling to compete in state tenders due to stringent criteria favoring international brands. Calls for more inclusive ...
Zomato Invests Heavily in Blinkit: A Rs 500 Crore Boost to Quick Commerce
Zomato invests Rs 500 crore in Blinkit, totaling Rs 2,800 crore since 2022, to strengthen its quick commerce business amidst growing competition in India's fast-evolving market.
EU Approves Synopsys' $35 Billion Acquisition of Ansys with Conditions
The European Commission conditionally approves Synopsys' $35 billion acquisition of Ansys, requiring divestitures to preserve competition in optics, photonics, and EDA software mar...
Nvidia's Acquisition of Run:ai Gets Green Light from EU
The European Commission approves a merger deal between Nvidia Corporation and Run:ai Labs Ltd, stating it won't raise competition concerns. The $700 million acquisition was also pr...
BlackRock's Acquisition of Preqin Under UK Regulatory Scrutiny
The UK's Competition and Markets Authority has initiated a merger inquiry into BlackRock's proposed acquisition of Preqin Ltd, following a preliminary review. The phase 1 decision ...
UK Regulator to Investigate BlackRock's $3.2 Billion Acquisition of Preqin
The UK's Competition and Markets Authority is launching an inquiry into BlackRock's acquisition of Preqin, examining whether the deal could result in a substantial lessening of com...
